Stocks fell 21% on average after first Fed rate cut since the 1970s, says Comerica
https://www.marketwatch.com/livecove...Z9PeIkFpOeqfE8
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Stocks fell 21% on average after first Fed rate cut since the 1970s, says Comerica
https://www.marketwatch.com/livecove...Z9PeIkFpOeqfE8
Don't lower interest rates mean higher stocks?
"It’s also worth remembering that humans are notoriously bad at picking market peaks and troughs – everyone from expert to amateur level. The point is that if you’ve done your research and like an investment, believing that markets are at highs is not necessarily a reason not to invest. Poor fundamentals on the other hand… "
"Fear & Greed
It’s not all a guarantee – the fear and greed index is correlation rather than causation, but you wouldn’t necessarily expect the market to nosedive tomorrow, given this sentiment. This would suggest that perhaps the current market highs are not to be feared… yet."
https://www.livewiremarkets.com/wire...rm=READ%20MORE
Sharon at ANZ says Heavy Traffic Indicator implies an ugly read for June quarter GDP
https://eu.watermarker.singletrack.i...Headers%3Dhost
Annual food prices drop for first time in six years... Hopefully the RBNZ is paying attention. First cut in August seems more and more likely.
https://www.stats.govt.nz/news/annua...-in-six-years/
Thanks, stoploss. That’s what I expected originally. Still, I have a doubt.
https://www.newstalkzb.co.nz/news/bu...term-deposits/
“The biggest drop will be to its one-year rate, dropping 25bps to 6.89% (special) and 7.49% (standard).
Westpac’s six-month rate will fall 19bps to 7.05% (special) and 7.65% (standard) and its 18-month rate will drop 10bps to 6.79% (special) and 7.39% (standard”
Fortunately, I was able to fix my mortgage at a rate of 4.9% for five years. 3 more years left for renewal.
Russell 2000 up 3.6% is confidence that inflation battle getting over ...it shud have impact on smaller markets like NZX ....expect further follow thru up move ....maybe Friday can curb some enthusiasm but surely sentiment is changing ...low hanging fruit will go faster ie +5% from lows !!!
I don't mind a bit of Government assistance...
That's if it was intervention.
The size of the move in minutes will put the market on notice. Gold also near all time highs again, we are nearing the change in cycle.
https://finance.yahoo.com/news/japan...130139783.html
Everybody excited about food prices falling as per Stats NZ report yesterday …headline stuff
But the narrative included this -
Despite the annual fall in overall food prices, the price level is the third highest since the series began in 1961. Food prices increased 1.0 percent in June 2024 compared with May 2024.
Seems food prices on way up to me
https://www.stats.govt.nz/news/annua...-in-six-years/
Lack of trucks on the road confirms economic slowdown - ANZ
An unprecedented drop in heavy traffic suggests economic growth in the second quarter could be ugly reading
https://www.rnz.co.nz/news/business/...c-slowdown-anz
I see NVIDIA reached another lower high this week.
I think Bull is right, US stock indices will drift lower with lower interest rates.
This could mask what might actually happen. Big tech driving an S&P index decline while the rest of the market recovers?
Personally I’m all for a US retracement. My core holdings are long term well diversified iUS and European funds. Any opportunity to buy cheaper is fine by me :)
I too like an opportunity to buy cheaper. My top long-term holding is a cash generator which I started to accumulate from end of 2013. Over the last 3 years I did some good trading as well. I have separated investment grade stocks and trading stocks in my portfolio. For me quality commodity stocks are also as good as other quality stocks. At some point there could be market sell-off for overvalued hot stocks of today. Mainly, my focus is for hidden gems and very attractive stocks. No value traps and growth traps in my portfolio.